speaker boehner before the election last week. what he is saying, there is big distinction here now, you can raise revenue but don't touch the tax rates. >> yeah. bill: how would you do that? >> okay, you could do that by cutting some loopholes. obviously, with this new administration, you're not going to get tax rates cut. that was the romney plan, to raise revenues. so you could eliminate some loopholes, deductions, for example, as a way of bringing in more tax revenue. but you're right, bill, there is a key distinction between tax rates and raising revenues by cutting loopholes. bill: give me an example. what would that deduction be? >> suppose you narrow the mortgage interest deduction, just suppose, that is not necessarily on the table, just suppose you did that, millionaires can not deduct all of their mortgage interest. you can't do that. that would be a loophole which you could cut. that is not necessarily on the table but that is an example. bill: go ahead. >> the bottom line is, bill, tax revenues are very likely to go u